Operational Advisory
Office of Operations
Bureau of State Accounting Operations

Advisory Number:

6

Advisory Name:

Lapsing Notice and Reminders

Date Issued:

06/02/2014

Date Last Updated:

02/13/2018

Subject:
Lapsing Notice and Reminders

Guidance:
The Office of the State Comptroller (OSC) has completed recording all re-appropriations contained in the 2017-2018 fiscal year enacted budget. All appropriations scheduled to lapse on March 30, 2018, should now contain the appropriate lapse date.

The Office of the State Comptroller (OSC) has updated the Guide to Financial Operations, Chapter XVII, Section 3 - Lapsing Transaction Deadlines, for specific guidance on lapsing deadlines as they apply to specific transactions. It is recommended that all Agencies read Chapter XVII in its ENTIRETY, since it contains valuable reminders related to Lapsing.